Lifeward Ltd (LFWD) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Operational ...

GuruFocus.com2024-11-13

Revenue: $6.1 million in Q3 2024, up 39% from $4.4 million in Q3 2023. ReWalk System Revenue: $2.5 million, up 73% from the prior year. AlterG Products Revenue: $3.6 million, increased by $0.6 million...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483028553?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/P4MK3U8H5IQUOPgMUTbDbA--~B/aD01MDA7dz01MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/cc905ea20e0d2da757145b29cd9e42de","is_english":true,"pubTime":"2024-11-13 15:08","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483028553","market":"us","top_or_hot":-1,"title":"Lifeward Ltd (LFWD) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Operational ...","media":"GuruFocus.com","content":"<div>\n<p>Revenue: $6.1 million in Q3 2024, up 39% from $4.4 million in Q3 2023.\nReWalk System Revenue: $2.5 million, up 73% from the prior year.\nAlterG Products Revenue: $3.6 million, increased by $0.6 million...</p>\n\n<a href=\"https://finance.yahoo.com/news/lifeward-ltd-lfwd-q3-2024-070828484.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lifeward Ltd (LFWD) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Operational ...</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLifeward Ltd (LFWD) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Operational ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 15:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/lifeward-ltd-lfwd-q3-2024-070828484.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revenue: $6.1 million in Q3 2024, up 39% from $4.4 million in Q3 2023.\nReWalk System Revenue: $2.5 million, up 73% from the prior year.\nAlterG Products Revenue: $3.6 million, increased by $0.6 million...</p>\n\n<a href=\"https://finance.yahoo.com/news/lifeward-ltd-lfwd-q3-2024-070828484.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LFWD","symbol_name":"Lifeward Ltd","start_time":0,"source_url":"https://finance.yahoo.com/news/lifeward-ltd-lfwd-q3-2024-070828484.html","article_id":"2483028553","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/P4MK3U8H5IQUOPgMUTbDbA--~B/aD01MDA7dz01MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/cc905ea20e0d2da757145b29cd9e42de"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483028553","pubTimestamp":1731481708,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Revenue: $6.1 million in Q3 2024, up 39% from $4.4 million in Q3 2023.ReWalk System Revenue: $2.5 million, up 73% from the prior year.AlterG Products Revenue: $3.6 million, increased by $0.6 million from Q3 2023.Gross Profit: $2.2 million or 36.2% of revenue in Q3 2024.Adjusted Gross Profit: $2.6 million or 42.5% of revenue.GAAP Operating Expenses: $5.4 million in Q3 2024, down from $8.8 million in Q3 2023.Adjusted Operating Expenses: $6.7 million in Q3 2024, compared to $6.9 million in Q3 2023.GAAP Operating Loss: $3.2 million in Q3 2024, compared to $7.9 million in Q3 2023.Adjusted Operating Loss: $4.1 million in Q3 2024, compared to $4.9 million in Q3 2023.Cash and Equivalents: $10.7 million at the end of Q3 2024, with no debt.Full-Year Revenue Expectation: Revised to $25 million to $26 million for 2024.GuruFocus has detected 7 Warning Signs with LFWD.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LFWD":"Lifeward Ltd"},"translate_title":"Lifeward Ltd(LFWD)2024年第三季度收益看涨期权亮点：运营中收入强劲增长……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LFWD":1},"content_text":"Revenue: $6.1 million in Q3 2024, up 39% from $4.4 million in Q3 2023.\nReWalk System Revenue: $2.5 million, up 73% from the prior year.\nAlterG Products Revenue: $3.6 million, increased by $0.6 million from Q3 2023.\nGross Profit: $2.2 million or 36.2% of revenue in Q3 2024.\nAdjusted Gross Profit: $2.6 million or 42.5% of revenue.\nGAAP Operating Expenses: $5.4 million in Q3 2024, down from $8.8 million in Q3 2023.\nAdjusted Operating Expenses: $6.7 million in Q3 2024, compared to $6.9 million in Q3 2023.\nGAAP Operating Loss: $3.2 million in Q3 2024, compared to $7.9 million in Q3 2023.\nAdjusted Operating Loss: $4.1 million in Q3 2024, compared to $4.9 million in Q3 2023.\nCash and Equivalents: $10.7 million at the end of Q3 2024, with no debt.\nFull-Year Revenue Expectation: Revised to $25 million to $26 million for 2024.\n\n\nWarning! GuruFocus has detected 7 Warning Signs with LFWD.\n\nRelease Date: November 12, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nLifeward Ltd (NASDAQ:LFWD) reported a 39% increase in revenue over the prior year quarter, indicating strong business growth.\nThe company successfully expanded its Medicare coverage, now reaching over 17,000 individuals with potential access to an additional 25,000.\nLifeward's ReWalk Exoskeleton technology is gaining traction, with 20 more individuals regaining ambulation in the quarter.\nThe company has streamlined operations, resulting in the lowest adjusted operating expenses in the past five quarters.\nLifeward ended the quarter with $10.7 million in cash and no debt, providing a solid financial foundation for future growth.\n\n Negative Points \n\nThe AlterG business experienced slower-than-expected growth due to delays in capital expenditures and integration challenges.\nReWalk sales were adversely affected by delays in Medicare case processing, impacting expected revenue.\nThe gross margin percentage declined due to lower absorption of factory overhead costs and higher labor costs.\nThe company revised its full-year revenue expectations downward to a range of $25 million to $26 million for 2024.\nThe process for claims review and approval by Medicare is time-consuming, affecting the timing of payments and cash flow.\n\n Q & A Highlights \nQ: How comfortable are you with the new guidance, and are there any issues with filing for CMS reimbursement? A: Larry Jasinski, CEO: We are comfortable with the guidance. The timing for CMS processing is longer than expected, averaging about 150 days for 2024 claims, which has impacted our timing this year. Mike Lawless, CFO, added that the documentation and validation process is more complex than traditional claims, requiring back-and-forth communication, which can delay processing.\nQ: Is there a possibility for a positive surprise in AlterG business revenue, and how comfortable are you with its current performance? A: Larry Jasinski, CEO: The AlterG business is improving quarter over quarter. The technology is well-received, but capital equipment sales have been slower industry-wide in 2024. However, we expect a strong Q4 and have received 40 orders for the new NEO product, indicating positive momentum.\nQ: What is the expected timeline to reach profitability, and how does the current business trajectory support this? A: Larry Jasinski, CEO: We expect substantial growth in ReWalk sales, driven by leads and potential market expansion. AlterG is expected to recover and grow with the new product launch. We believe this is achievable within our current cash reserves, depending on market uptake pace. Mike Lawless, CFO, added that streamlining efforts have made the organization more efficient, supporting profitability in 2025.\nQ: Can you provide insight into the expected cash burn for Q4 and the company's sustainability without additional cash? A: Mike Lawless, CFO: We expect the Q4 burn rate to decrease significantly from Q3, depending on Medicare payments. Larry Jasinski, CEO, emphasized that revenue growth and expense reduction are key, with CMS uptake being a critical factor. The company is working towards sustainability without needing additional cash, assuming continued market growth.\nQ: Are there any updates on the reimbursement process for Medicare claims and the impact on accounts receivable? A: Larry Jasinski, CEO: The reimbursement process is progressing, with claims starting from late last year. We expect approved claims to be paid eventually, with a high approval rate. Mike Lawless, CFO, noted that a portion of claims is reserved for potential non-approval, similar to other payors.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483028553"}